BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains neutral on India Cements
Unrelated investments and weaker cost control led to poor return on capital. The stock should be valued above the mid-cycle multiple, as the earnings growth trajectory beyond FY17 is likely to be strong as the industry attains greater pricing power.